Tricks+Cards

Tricks: "Ollie" Facts (5 cards) 1) You buy a deck and then sell it to another player for more than you paid for it. This would be considered a a) mark-up, b) discount, c) unit rate ? __Answer: A__ 2) Your skateboards are not selling so you decide to lower the price you are charging. This would be considered a a) mark-up, b) discount, c) unit rate ? __Answer: B__ 3) You have the opportunity to buy 5 decks for $50 or 3 decks for $25. You compare them in terms of the cost per one deck. By doing this you are using a a) mark-up, b) discount, c) unit rate ? __Answer: C__ 4) You sell 50% of your boards to a local X-games participant. This is equal to what fraction of your boards? __Answer: 1/2__ 5) You have your plans to increase your production by 75%. Percents are otherwise known as a part out of how much? __Answer: 100__

"Kickturns" Concepts (5 cards) 1) If you are trying to earn maximize profit, you need to increase revenue and decrease ___? answer: expense__ 2) Mark-ups are used to the final price of an item. a) increase, b) decrease, c) stabilize __answer: A__ 3.) The value of everything your skateboard company owns and uses to conduct business is known as your: assets or liabilities? __answer: assets__ 4.) The money you spend on supplies, equipment and other investments are known as your __answer: expense__ 5.) The process of promoting, selling and distributing your skateboards is known as __answer: marketing__

"Grinds" Principles (4 cards) ex: distinguish between mark-up and discount 1) If you want to encourage people to buy your skateboards would you use a mark-up or a discount? __Answer: discount__ 2) If you want to increase your profit on a single skateboard, would you use a mark-up or a discount? __Answer: mark-up__ 3.) If I wish to maximize profit, which strategy should I follow: A) increase revenue/decrease expense B) increase expense/decrese revenue, or C) increase revenue/maintain __expense answer: A__ 4.) Which of these is not part of the marketing process: promoting, selling, distributing, or trading? __trading__

"Slides" Procedure (solve) (28 cards) 1) You purchase a deck for $10 and marked it up 80% before selling it. What was the sale price of the deck? Answer: $18 2) You planned to sell a skateboard for $60, but no one is buying it. You decide to put it on sale for 10% off the original $60 price. How much are you selling it for? __Answer: $54__ 3) You found a seller who will sell you 5 decks for $30. What is the cost per deck with this deal? __Answer: $6__ 4) One seller is willing to sell you 12 decks for $60. You receive a second offer to sell you 8 decks for $50. You have enough money to make either deal. Who is offering you the best deal based on the unit rates? __Answer: seller one (12 decks for $60)__ 5) You have 15 boards on inventory. Today you sold 3. What fraction of your inventory do you have left to sell? Answer must be simplified. __Answer: 4/5__ 6) You have 50 boards to build and you decide that 34% of them should be made with high quality wheels. What number of boards will be built with high quality wheels? __Answer: 17__ 7) You puchased a deck for $10 and marked it up 200%. Unfortunately the deck is not selling, so you decided to discount it 50%. What is the current sale price? __Answer: $15__ 8) You sold 68% of your inventory. What fraction is this of your inventory? Answer must be simplified. __answer: 17/25__ 9) You can produce boards at a rate of 4 boards a day. In order to sponsor a X-games competitor, you have to produce 5 boards in one day. What percent of increase is this in your standard daily rate of production? __Answer: 25%__ 10) You assemble a board that costs $30 in parts. You are hoping to make a profit of $30. What percent mark-up are you applying to the price? __Answer: 100%__

SLAM Cards (obstacles of the game, similar to the fire in the warehouse problem) (8 cards) 1) There is a fire in the warehouse. Answer the question correctly to limit the fire damage. What percent of 30 is 75? __Answer: 250%__ Read after correct answer: Firefighters answer the call quickly. No damage to inventory. Read after incorrect answer: Fire burns inventory. Lose 2 //Parts// cards (Discard two //Parts// cards in hand to discard pile. If player has less than 2 cards in hand or up for sale, discard all cards player has.)

2) Someone injured themselves while using your skateboard. Answer the question correctly to limit your monetary damage. What is 24/75 as a simplified fraction? __Answer: 8/25__ Read after correct answer: Courts determine that your company is not to blame for the injury. No money is owed to the skateboarder. Read after incorrect answer: Courts determine that your company is at fault. You must pay for the skateboard to replace the wrecked board. Lose $30 (Move back 3 spaces, or return to start).

3) Protesters are complaining about the quality of your product. Answer the question correctly to limit the impact to your business operation. What is $360 for 24 boards as a unit rate? __Answer: $15/1 board__ Read after correct answer: Protesters find something else to complain about. You can resume normal operation tomorrow. This turn is over. Read after incorrect answer: More protesters come and chase away your business. You lose two days of work. This turn is over, and you must skip the next turn.

4) You are trying to sponsor an athlete, but so are your rival shops. Answer the question correctly to limit the impact to your customers. What is the sale price of a $40 discounted 20%? __Answer $32____ Read after correct answer: You become a sponsor and your company logo is everywhere. All other shops move back three spaces (or return to start). Read after incorrect answer: A rival shop gets the sponsorship. You move back three spaces (or return to start).

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